Public Employees Retirement System of Ohio raised its position in shares of Swift Transportation Company (NYSE:SWFT) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,244 shares of the transportation company’s stock after buying an additional 1,543 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.08% of Swift Transportation worth $2,326,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Swift Transportation by 40,731.1% in the first quarter. BlackRock Inc. now owns 4,864,210 shares of the transportation company’s stock valued at $99,912,000 after buying an additional 4,852,297 shares in the last quarter. Renaissance Technologies LLC bought a new position in Swift Transportation during the first quarter valued at approximately $38,449,000. Norges Bank bought a new position in Swift Transportation during the fourth quarter valued at approximately $43,765,000. Teachers Advisors LLC increased its position in Swift Transportation by 502.8% in the fourth quarter. Teachers Advisors LLC now owns 760,146 shares of the transportation company’s stock valued at $18,517,000 after buying an additional 634,040 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Swift Transportation by 9.0% in the first quarter. Vanguard Group Inc. now owns 7,661,850 shares of the transportation company’s stock valued at $157,374,000 after buying an additional 629,792 shares in the last quarter. 75.22% of the stock is currently owned by institutional investors.
Swift Transportation Company (NYSE:SWFT) opened at 26.30 on Tuesday. The firm’s 50-day moving average is $25.89 and its 200-day moving average is $23.52. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 33.72 and a beta of 1.96. Swift Transportation Company has a 52-week low of $18.05 and a 52-week high of $27.23.
Swift Transportation (NYSE:SWFT) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The firm had revenue of $1,000 million during the quarter, compared to analysts’ expectations of $1.02 billion. Swift Transportation had a return on equity of 22.23% and a net margin of 2.99%. Swift Transportation’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. Analysts predict that Swift Transportation Company will post $0.98 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Swift Transportation Company (SWFT) Shares Bought by Public Employees Retirement System of Ohio” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://stocknewstimes.com/2017/08/08/public-employees-retirement-system-of-ohio-has-2-33-million-stake-in-swift-transportation-company-swft-updated-updated.html.
Several research firms recently commented on SWFT. Bank of America Corporation reaffirmed a “buy” rating and issued a $31.00 price target (up previously from $29.00) on shares of Swift Transportation in a research note on Monday, July 10th. Zacks Investment Research upgraded shares of Swift Transportation from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Thursday, July 27th. UBS AG reiterated a “buy” rating and set a $31.00 target price (up from $29.00) on shares of Swift Transportation in a report on Tuesday, July 25th. Stifel Nicolaus reiterated a “hold” rating and set a $27.00 target price on shares of Swift Transportation in a report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of Swift Transportation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.18.
In other news, insider Richard Stocking sold 80,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $24.25, for a total value of $1,940,000.00. Following the completion of the transaction, the insider now owns 93,902 shares in the company, valued at $2,277,123.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Virginia Henkels sold 44,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $24.03, for a total value of $1,057,320.00. Following the completion of the transaction, the chief financial officer now owns 29,247 shares of the company’s stock, valued at approximately $702,805.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 221,280 shares of company stock valued at $5,341,261. Company insiders own 44.90% of the company’s stock.
Swift Transportation Company Profile
Swift Transportation Company is a multi-faceted transportation services company. As of December 31, 2016, the Company operated fleets of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company’ segments include Truckload, Dedicated, Swift Refrigerated and Intermodal.
Receive News & Ratings for Swift Transportation Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swift Transportation Company and related companies with MarketBeat.com's FREE daily email newsletter.
